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Federal Court Rules CTA Unconstitutional, but Most Will Still Need to Comply for Now
Mar 26, 2024
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A federal district court in Northern District of Alabama issued an opinion on March 1, 2024, in the case of National Small Business United v. Yellen, granting summary judgment in favor of the plaintiffs, holding that the Corporate Transparency Act (C...
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The Corporate Transparency Act Takes Effect January 1, 2024: What Businesses Need to Know and How to Prepare for the New FinCEN Regulations
Effective January 1, 2024, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury will implement new “beneficial ownership” reporting requirements that will have a significant impact on businesses. The new regulations, w...
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Today in Tax: Employee Loans in an Environment of Rising AFR
Jan 09, 2023
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Employers who offer special rate loans to employees—either directly or through a third-party lender—may need to consider the effect that the rising Applicable Federal Rate (AFR) will have on such loans. Loans with rates lower than AFR may create phan...
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Today in Tax: Three Things to Watch for in 2023
Jan 03, 2023
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Brief commentary on recent cases, rulings, notices, and related federal tax guidance. Like clockwork, Americans greet each new year with soon-forgotten resolutions and unfounded predictions for the upcoming year. In keeping with that fine tradition,...
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Today in Tax: How NFT Sellers Can Prepare for State Taxes
Sep 26, 2022
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Pennsylvania and Washington became the first two states to offer official guidance on how their existing tax regimes apply to nonfungible token (NFT) transactions. Their approaches offer two blueprints for other states to follow. Even though states a...
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Business Owner Exit Planning: LLC Operating Agreements
Sep 07, 2022
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Limited liability companies (LLC or LLCs) are an attractive choice of entity for many non-public companies. An LLC is the preferred choice of entity for many advisors, including me, unless the facts warrant something different. The preference toward...
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